How to turn five thousand into one million in the cryptocurrency world?
Let me share a feasible plan. If you can execute it, earning one million is achievable.
1. Work hard for two months to increase your principal to around ten thousand.
2. Buy coins when Bitcoin's weekly chart is above MA20, purchasing two to three coins, and they must be new coins, hot coins in a bear market, like APT before it surged. It came out of the bear market, and as long as Bitcoin rises a little, it will take off, like OP. Remember, it must have heat, and there must be a story to tell.
3. If Bitcoin drops below MA20, cut your losses. Continue to earn during the buying or waiting period, allowing yourself two to three chances to fail. If you have twenty thousand in savings and invest ten thousand, you can afford to fail three times.
4. If you buy a coin like APT, aim to exit at around 4-5 times your investment. Continuously execute your strategy, and remember, with small funds, you must buy new coins and avoid ETH and BTC. Their growth cannot support your dreams.
5. If the bear market transitions to a bull market, achieving three 5x returns would yield about 125 times your initial investment. This timeframe is typically one to three years.
You have three chances to fail. If you fail all three times, it indicates you lack the ability, so distance yourself from this circle, avoid investments, and especially stay away from contracts.
Invest your energy in work, cultivate your hobbies, and enhance your skills. Earn money through your job and live well. When you're more mature and stable, around your thirties, if you encounter another bear market like in 2022, invest two thousand again and try the above method once more.
If you still do not succeed, then focus on a stable job and stay away from the cryptocurrency world.
The key to the above method is patience. If you lack patience and become flustered, exit quickly and avoid engaging in contracts.
In summary, remember to enter the market when it's time, cut losses when necessary, and be patient.